Hacker News new | ask | show | jobs
by sassypotato 2119 days ago
> If they keep growing at And that's where the falacy is. Nothing keeps growing forever. Past performance is no guarantee of future results.

You don't need great analysis to see that something that has appreciated 131 times in less than a year is a bubble, unless they cured cancer or seriously undersold at their IPO. And no one undersells by that much.

2 comments

I'm not sure what it means to count up the number of times a stock has appreciated in a year. A stock with steady, reasonable 2% annual growth could in principle appreciate on every trading day.
I think GP means that the stock is worth 113x what it was a year ago, although that seems to be off by a factor of ~10 for Tesla.
Only if every trading day brings news about the company or its competitors that is surprising to investors (and makes them value the company higher)
> something that has appreciated 131 times in less than a year

What has appreciated 131 times in a year?